Asure Software Inc (ASUR) Releases Earnings Results, Misses Expectations By $0.06 EPS
Asure Software Inc (NASDAQ:ASUR) issued its earnings results on Monday. The technology company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by $0.06, Morningstar.com reports. Asure Software had a negative net margin of 1.21% and a positive return on equity of 19.31%.
Shares of Asure Software (NASDAQ ASUR) opened at 11.69 on Tuesday. The stock’s market cap is $100.88 million. Asure Software has a one year low of $4.65 and a one year high of $17.27. The company has a 50 day moving average of $13.71 and a 200-day moving average of $12.45.
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A number of hedge funds have recently added to or reduced their stakes in ASUR. FMR LLC raised its stake in Asure Software by 11.2% in the fourth quarter. FMR LLC now owns 409,519 shares of the technology company’s stock worth $3,485,000 after buying an additional 41,300 shares during the period. Skylands Capital LLC raised its stake in Asure Software by 1,073.8% in the first quarter. Skylands Capital LLC now owns 133,576 shares of the technology company’s stock worth $1,373,000 after buying an additional 122,196 shares during the period. Navellier & Associates Inc acquired a new stake in Asure Software during the first quarter worth about $454,000. Russell Investments Group Ltd. raised its stake in Asure Software by 31.7% in the first quarter. Russell Investments Group Ltd. now owns 61,002 shares of the technology company’s stock worth $627,000 after buying an additional 14,679 shares during the period. Finally, Wells Fargo & Company MN acquired a new stake in Asure Software during the first quarter worth about $525,000. 28.87% of the stock is currently owned by hedge funds and other institutional investors.
ASUR has been the subject of a number of recent research reports. Canaccord Genuity increased their target price on shares of Asure Software from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, May 31st. Zacks Investment Research cut shares of Asure Software from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Wunderlich increased their target price on shares of Asure Software from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, May 12th. Finally, Lake Street Capital reiterated a “buy” rating and issued a $16.00 target price (up from $12.00) on shares of Asure Software in a research report on Friday, May 12th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $15.50.
About Asure Software
Asure Software, Inc is a global provider of cloud-based software-as-a-service (SaaS) solutions that help companies to bring people, time, space and assets together. The Company serves approximately 6,000 clients in over 80 countries. The Company offers a range of solutions to help its clients optimize and manage mobile workforces and global workspaces.
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